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May 04, 2015 5:09 PM ET

Healthcare Providers and Services

Company Overview of Brookdale Senior Living Inc.

Company Overview

Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, Continuing Care Retirement Communities (CCRCs)–Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens. The Assisted Living segment owns or leases communities consisting of freestanding, multi-story communities, and freestanding single story communities, which offer housing and 24-hour assistance with activities of da...

111 Westwood Place

Suite 400

Brentwood, TN 37027

United States

52,500 Employees

Phone:

615-221-2250

Fax:

615-221-2289

Key Executives for Brookdale Senior Living Inc.

Chief Executive Officer and Director
Age: 54
Total Annual Compensation: $841.2K
President and Chief Financial Officer
Age: 54
Total Annual Compensation: $499.5K
Chief Operating Officer and Executive Vice President
Age: 60
Total Annual Compensation: $458.6K
Chief Administrative Officer and Executive Vice President
Age: 55
Total Annual Compensation: $367.6K
Chief Accounting Officer, Executive Vice President and Treasurer
Age: 41
Total Annual Compensation: $279.8K
Compensation as of Fiscal Year 2014.

Brookdale Senior Living Inc. Key Developments

Brookdale Senior Living Inc. Announces Executive Changes

Brookdale Senior Living Inc. announced the appointments of Mark J. Parrell and Lee S. Wielansky to its Board of Directors as Class III directors. The appointments of Messrs. Parrell and Wielansky, which became effective on April 23, 2015, fill the vacancies created by the retirements from the Board of Mark J. Schulte, who had previously served as CEO and Co-CEO of the Company and had served as a director since 2008, and Dr. Samuel Waxman, who had served as a director since 2005. Following the changes, the Brookdale Board will remain comprised of nine directors, seven of whom are independent. Mr. Parrell brings over 20 years of real estate, capital markets, mergers and acquisitions and investment experience to the Brookdale Board. He was appointed Executive Vice President and Chief Financial Officer of Equity Residential in 2007 after previously serving as Senior Vice President and Treasurer of the company. Mr. Parrell also served as a director of Aviv REIT Inc., from its initial public offering until it was acquired earlier this year. Mr. Wielansky has more than 40 years of commercial real estate investment, management and development experience. Mr. Wielansky currently serves as Lead Trustee of Acadia Realty Trust and as a director of Isle of Capri Casinos Inc. and Pulaski Financial Corp. Messrs. Parrell and Wielansky, along with William G. Petty, Jr. and James R. Seward, will comprise the Investment Committee of the Brookdale Board.

BKD Reportedly Considers Sale Of Real Estate

Brookdale Senior Living Inc. (NYSE:BKD) considering sale of real estate, says dealReporter. According to contacts, BKD is considering selling real estate to Ventas, Inc. (NYSE:VTR) or HCP, Inc. (NYSE:HCP), citing sources.

Court Dismisses Civil Case against Brookdale Senior Living Alleging Medicare Fraud

Court dismissed a civil case against Brookdale Senior Living alleging Medicare fraud. The U.S. District Court for the Middle District of Tennessee dismissed the case brought by a former employee. Marjorie Prather, a utilization review nurse for Brookdale from September 2011 through November 2012, contends the company's audit and billing procedure on backlogged claims violated the federal False Claims Act. The charges were originally filed under seal in 2012 so the federal government could decide whether it wanted to bring a case against Brookdale. After the government declined to get involved, Prather brought a civil case against the company.

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